Legislation Fuels Growth in Biodiesel Iowa Soybean Association, Iowa Biodiesel Board applaud legislature’s passage of landmark biofuel bill BY BROCK JOHNSTON
T
he Iowa Soybean Association (ISA) and Iowa Biodiesel Board (IBB) heralded the Iowa Legislature’s passage of some of the most comprehensive biofuels legislation in the United States The legislation, signed by Gov. Kim Reynolds May 17 on a farm near Prairie City, (HF2128/SSB3084) will encourage the sale of higher blends of biodiesel through an incentivebased approach. It will also make E15 ethanol more available statewide, with enhanced infrastructure cost-share opportunities for retailers.
6 | MAY 2022 | IASOYBEANS.COM
“This legislation will bring Iowa to the forefront of homegrown energy,” says ISA President Robb Ewoldt, a soybean farmer from Davenport. “As land stewards and community leaders across our 99 counties, the state’s 40,000 soybean growers understand the important role of biofuels in growing communities and investing in cleaner-burning fuels to meet carbon reduction goals.” By increasing soybean oil value, biodiesel supports 13% of the price per bushel of soybeans. This equated
to $1.78 per bushel in 2021, while lowering the price of meal for livestock producers and the food supply. “We're grateful for Gov. Reynolds’ leadership and positioning our state as a leader on sustainable energy,” Ewoldt says. Grant Kimberley, ISA’s senior director of market development and IBB executive director, applauded the passage. “We anticipate that this landmark Iowa legislation will increase consumer access to higher blends of biodiesel,”
